Progyny Inc (PGNY)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	238,799	226,399	209,770	193,016	167,325	147,946	130,443	116,177	112,135	107,686	100,030	82,364	70,059	61,162	52,646
Revenue (ttm)	US$ in thousands	1,091,902	1,036,101	959,749	874,714	787,727	700,482	617,337	551,196	501,082	473,730	450,213	385,920	344,979	309,953	272,210
Gross profit margin		21.87%	21.85%	21.86%	22.07%	21.24%	21.12%	21.13%	21.08%	22.38%	22.73%	22.22%	21.34%	20.31%	19.73%	19.34%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $238,799K ÷ $1,091,902K
= 21.87%

Progyny Inc's gross profit margin has been relatively stable over the past eight quarters, ranging from 21.10% to 22.11%. Despite slight fluctuations, the company has maintained an average gross profit margin of around 21.5% during this period. This indicates that Progyny Inc has been able to effectively manage its production costs and pricing strategies to generate profit from its core operations. However, it is essential for the company to continuously monitor and improve its cost efficiency to sustain and potentially increase its gross profit margin in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Progyny Inc

PGNY

21.87%

DaVita HealthCare Partners Inc